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The stock market more than doubled under Obama. What fueled that?
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A more useful exercise, I think, is to consider the international context:

The American stock market is up a lot in 2017, but the German and Japanese markets are up by more.
The S&P 500 is at an all-time record, but so are markets in the United Kingdom, Canada, South Korea, Taiwan, and elsewhere.
The US unemployment rate is the lowest in more than 17 years, but Japan's is the lowest in more than 20 years. The UK and Germany are the lowest since the 1970s.

The real truth is that there simply isn't that much to explain about Trump and the economy — either how he's impacted or how it's impacting his poll numbers — because there isn't much happening.

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The stock market has been higher then ever. Something is fueling that.
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The people who elected Trump are the Boomers. The great blue collar revolt is largely a myth. However, the kinds of jobs Trump promised the blue collar people aren't coming back. Trump won't mess with the Boomer's SS or Medicare

I figure with the destruction of pubic education in ten years we'll be at a crisis level with people who can't find jobs in the modern economy. The blue collar people will probably still blame it on Obama and Clinton.

I keep telling friends accrue as much wealth as you can. Living in a third world country is OK if you have enough money.
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The stock market more than doubled under Obama. What fueled that?
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The stock market has been higher then ever. Something is fueling that.

There is - Time. Look at any chart of the bull market since 2009. Every point that is higher than any earliest point is also "higher than ever". Lots of those since 2009 - most of them occurred under Obama. Time will tell if Trump does anywhere near as well.
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The stock market has been higher then ever. Something is fueling that.

Most market observers cite "mania".

And mania never ends well.
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"And mania never ends well. "

Still not buying gold - or Bitcoins.

Ken
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"And mania never ends well. "

Still not buying gold - or Bitcoins.

Ken


No bitcoins here either.

Some gold- that I've had for years.

Insurance, nothing more.
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No. of Recommendations: 2
The cognitive dissonance of the PA Lefties is stunning.

Growth has doubled under Trump (3.3% compared to 0bama's 1.6%)
Consumer confidence at 17 year high (yes, higher than under 0bama OR Bush)
Stocks at records

And this is based on the fact he will not add regulations and is rolling back what he can and cracking down on job and wage-killing illegal immigrants. Imagine if he did not have the entire establishment trying to stop him?

VQ
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No. of Recommendations: 3
Obama averaged 196,000 jobs created per month; Trump is at 170,000.

In October, Trump wildly bragged about creating 240,000 jobs -- a modest number when compared to just a few of Obama's monthly results (297,000 and 291,000 both late year and providing momentum for 2017).

Of course, Comrade President claimed BLS stats were "one of the biggest hoaxes in modern politics" so a *true* Trumper would never cite them as evidence of Trump's performance, right? Wrong. Now that the numbers tell something Trump *likes*, then suddenly (as Spicer said), "They may have been phony in the past, but it's very real now,". ROFL

As for the market, the Dow rose nearly 31% in the first 11 months under Obama.

Consumer confidence has improved, but in a recent poll half the people attributed today's economy to the Obama administration.

So perhaps it's not the "cognitive dissonance of the PA Lefties" that's the problem, but instead your own lack of (or missing) understanding.
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Obama averaged 196,000 jobs created per month; Trump is at 170,000.

In October, Trump wildly bragged about creating 240,000 jobs -- a modest number when compared to just a few of Obama's monthly results (297,000 and 291,000 both late year and providing momentum for 2017).

Of course, Comrade President claimed BLS stats were "one of the biggest hoaxes in modern politics" so a *true* Trumper would never cite them as evidence of Trump's performance, right? Wrong. Now that the numbers tell something Trump *likes*, then suddenly (as Spicer said), "They may have been phony in the past, but it's very real now,". ROFL

As for the market, the Dow rose nearly 31% in the first 11 months under Obama.

Consumer confidence has improved, but in a recent poll half the people attributed today's economy to the Obama administration.

So perhaps it's not the "cognitive dissonance of the PA Lefties" that's the problem, but instead your own lack of (or missing) understanding.


Well, you seem to be validating Lefty cognitive dissonance.

Growth has doubled under Trump compared to what he inherited. Just a fact.
Confidence at a 17 year high. Again, fact.

Some people attribute "confidence" to 0bama? So why were those people so much LESS confident when he was president?? Cognitive dissonance?

Why did it take a Trump presidency to raise their confidence?

VQ
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Some people attribute "confidence" to 0bama? So why were those people so much LESS confident when he was president?? Cognitive dissonance?

RWNJ Congress could NOT pass their desired laws, but they also would NOT pass Obama's desired laws. So nothing got done (look at the record--if you dare).

Why did it take a Trump presidency to raise their confidence?

RWNJs now control the US govt. And still NOTHING GETS DONE. Confidence is their con.
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Okay, so now that I've shot down everything else you're now going to turn to consumer confidence as a major barometer? Okay..sure you want to do that?

https://www.bloomberg.com/news/articles/2017-10-31/u-s-consu...

Astute readers will look at the graph and note that Trump is riding a strong trend begun under <drumroll please> President Obama. In fact, take this dare and prove your point: do a linear curve fit on the Obama years and compare where Trump is to the projection
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No. of Recommendations: 4
Nothing special?

Lol...

Dow has set over 80 records in his first year and GDP growth topped 3% despite two major hurricanes.

You will stop at nothing to go all negative all the time on Trump.
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Nothing special?

Lol...


Read the article.

Dow has set over 80 records in his first year and GDP growth topped 3% despite two major hurricanes.

Not exactly accurate. 80 records since the election. Something like 63 since he has been in office. This continues the upward trend in the markets that started under Obama. Since Trump has accomplished virtually nothing legislatively, you guys imaginatively assign him credit by citing enthusiasm and confidence. I don't blame you, but watch what happens when the market retreats. Dolt45 will surely blame someone else... But really, you should recognize that Obama laid out this trend. Of course, you guys were quick to point out that stock market performance is NOT a good measure of the economy when I credited Obama with turning things around. Now, it counts? Since there is a GOP Prez in the white house? You guys are confusing sometimes.

You will stop at nothing to go all negative all the time on Trump.

Trump does that just fine all by himself. He shows his negatives all the time. But do go back and read the article. I just quoted what someone else said.
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No. of Recommendations: 3
"Take the blinders off."

How's this for taking the blinders off? Since 1900, judging by stock market performance, the 3 greatest presidents would be:

Calvin Coolidge
William Clinton
Barack Obama

Of course, you will conveniently spout a bunch of excuses for Obama's bull market but, somehow, Donald Trump, by the magic of his presence, gets full credit for a bull market that is 8 years old.
You've changed your handle over the years but you are still the same poster who called for Armageddon every year of Obama's presidency.
As for the current year, we still have easy money and Trump chose a Fed chairman who is more dovish than Janet Yellen.
That year and a half sideways? It's called a consolidation in a bull market. In fact, after bottoming in early 2016, the market rose nearly 20% into August when election concerns stalled the rally.
Ironically, emerging markets are the stars of the 2017 bull market after plunging in the wake of Trump's election. Clearly, any objective observer could see there is something going on OUTSIDE the United States. Greece just had 3 months of growth. Did Trump cause that too?
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No. of Recommendations: 8
Of course, you will conveniently spout a bunch of excuses for Obama's bull market but, somehow, Donald Trump, by the magic of his presence, gets full credit for a bull market that is 8 years old.

Of course. But Trump is a serial flip flopper when it comes to using stats;

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Trump has repeatedly boasted that the “unemployment rate is at a 17-year low,” citing the standard (U-3) unemployment rate from the Bureau of Labor Statistics, which hovers around 4.4 percent in 2017. His new-found excitement for the BLS numbers represents a considerable flip-flop for Trump, who claimed the unemployment rate was “nonsense” prior to his inauguration.

In fact, Trump has called the unemployment figure “fake” as many as 19 times before he embraced the numbers as president. And, nearly a year ago, we gave Trump Four Pinocchios for claiming “the unemployment figure, as you know, is totally fiction,” during a rally in Des Moines.

Trump inherited low unemployment numbers from Obama. Since 2011, the unemployment rate has steadily declined from a high of 9.6 percent following the Great Recession. It was 4.8 percent in January, when Trump took the oath of office, and it was 4.1 percent in the December employment report. Below are the yearly averages since 2011.

https://flipboard.com/@flipboard/-comparing-the-trump-econom...

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Trump is a liar. A very good, very prolific liar. But his incessant need to credit himself with some personal win is child-like and transparent. It shows a deeply disturbed and weak personality.

The reality on job growth is that Trump's first year (which he insists on wholly taking credit for) lags Obama's for 5 of the last 7 years.

The reality on the stock market is that is has been rising steadily since March 2009, shortly after Obama took office. Trump flip-flopped on that too, as he dismissed the market's performance under Obama as a “big, fat bubble” ready to pop. Nothing has changed substantially, except that Trump is now POTUS.

These are the lies of a grade schooler who is frustrated that he isn't getting enough attention. Any economist can tell you that the US economy's current success (it isn't 'booming' by any means, as Trump insists it is) has deep roots in the Obama administration. Let's see what happens after Trump is POTUS for a few years...
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Lets be clear. Facts:

Donald J. Trump is POTUS.
The growth rate of the economy has DOUBLED from where it was when 0bama was in office.
Consumer confidence is at a 17 year high.
Stock market at record highs, and has created wealth for PA Lefties who invest or save.

You're Welcome.

Now deal with it.

VQ
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Lets be clear. Facts:

Donald J. Trump is POTUS.
The growth rate of the economy has DOUBLED from where it was when 0bama was in office.
Consumer confidence is at a 17 year high.
Stock market at record highs, and has created wealth for PA Lefties who invest or save.


Well, 3 out of 4 of those are good news. Thank you, President Obama!
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